Rising Mobile And Internet Penetration Fuels M-Commerce Payment Market Growth: A Significant Driver Propelling The M-commerce Payment Market In 2025

The M-commerce Payment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the M-commerce Payment Market Size and Projected Growth Rate?
In recent times, the market size of M-commerce payment has witnessed a dramatic increase. It's projected to surge from $13.39 billion in 2024 to $18.39 billion in 2025, recording a compound annual growth rate (CAGR) of 37.3%. Factors such as mobile internet usage, advanced secure payment technologies, the rise of e-wallets and mobile apps, convenience, and an enhanced mobile user experience have largely contributed to the growth during the historical period.

The market size for M-commerce payments is predicted to see a massive escalation in the coming years. The market is projected to grow to $75.09 billion by 2029, with a compound annual growth rate (CAGR) of 42.2%. The expected rise during the forecast period is as a result of several factors including an increase in contactless payments, biometric authentication, introduction of blockchain in mobile payments, incorporation of artificial intelligence and machine learning, and the growth of cryptocurrency payments. Notable trends during the forecast period encompass QR code payments, purchases within applications, integration with mobile banking, payments via wearable devices, and mobile payments transferred from one person to another.

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What Are the Major Segments in the M-commerce Payment Market?
The m-commerce payment market covered in this report is segmented -

1) By Payment Method: Near Field Communication, Premium SMS, Wireless Application Protocol, Direct Carrier Billing
2) By Mode Of Transaction: Mobile Retailing, Mobile Booking Or Ticketing, Mobile Banking, Mobile Billing
3) By End-use Industry: Retail, Hospitality And Tourism, IT And Telecommunication, BFSI, Media And Entertainment, Healthcare, Airline

Subsegments:
1) By Near Field Communication (NFC): Contactless Payments, Mobile Wallets
2) By Premium SMS: One-Time Payments, Subscription Services
3) By Wireless Application Protocol (WAP): Mobile Web Payments, In-App Purchases
4) By Direct Carrier Billing: Digital Goods, Physical Goods

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What Are The Driving M-commerce Payment Market Evolution?
The escalation in the usage of mobile and the internet is anticipated to fuel the expansion of the m-commerce payment market. M-commerce payment involves the use of mobile phones and other portable devices like tablets to carry out online business transactions. This includes buying and selling of goods, online banking, and bill payments. The rise of internet access and penetration enables an increased number of individuals to utilize m-commerce services, thus boosting the market. For example, a report released by the International Telecommunication Union, a specialized agency based in Switzerland in October 2023, showed that about 67 percent of the global population, equivalent to 5.4 billion individuals, are currently online. This signifies a 4.7 percent augmentation since 2022, a rise from the 3.5 percent growth observed from 2021 to 2022. Consequently, the augmenting mobile and internet usage is steering the growth of the m-commerce payment market.

Which Firms Dominate The M-commerce Payment Market Segments?
Major companies operating in the m-commerce payment market include ACI Worldwide Inc., Alphabet Inc., Bharat Interface for Money, Fidelity National Information Services (FIS), Fiserv Inc., Freecharge, Mastercard Inc., MobiKwik, Orange S. A, PayPal Holdings Inc., PayU, Samsung Group, Square Inc., Visa Inc., Alibaba Group, American Express Company, Apple Inc., UnionPay, Discover Financial Services LLC, Ingenico SA, Jack Henry & Associates Inc., Tencent Holdings Ltd., Boku Inc., Thales Group, International Business Machines Corporation (IBM), Oxygen8 Solutions Inc., SAP SE, BlueSnap Inc., Global Payments Inc., Klarna Bank AB, Payoneer Global Inc., Paysafe Limited, Stripe Inc.

What Trends Are Expected to Dominate the M-commerce Payment Market in the Next 5 Years?
A notable trend that is emerging in the m-commerce payment sector is the increased usage of digital wallets. These software-regulated systems provide a secure environment to save user's payment details and passwords needed for various payment methods and sites. By availing this facility, users can make their purchases swiftly and effortlessly. For instance, an upgraded version of its payment platform, driving on 100% native technology, was released by Paytm, a digital payments enterprise based in India, in March 2023. The purpose of this platform is to notably improve the consumer experience by supplying enhanced success rate, velocity and security. The substantial improvement of the payments platform through a fully homegrown development process is expected to augment the digital payments landscape in the country.

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Which Is The Largest Region In The M-commerce Payment Market?
Asia-Pacific was the largest region in the m-commerce payment market in 2024.Asia-Pacific is expected to have the highest CAGR in m-commerce payment market share. The regions covered in the m-commerce payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the M-commerce Payment Market?
2. What is the CAGR expected in the M-commerce Payment Market?
3. What Are the Key Innovations Transforming the M-commerce Payment Industry?
4. Which Region Is Leading the M-commerce Payment Market?

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